Thinking about the role of market and government

　The question of how the roles of providing public services should be divided between the government sector and the private sector is an important topic in the theory of PPP. In this course, we will learn from a microeconomic perspective when the government sector should be involved or intervene (provision of public services and implementation of various regulations) in the market economy as a preparatory step for studying the theory of PPP in detail.

　The goal of this course is to enable students to understand the effects of government's involvement or intervention using the basic concepts of microeconomics.

Week 1: Guidance
Week 2: Basics of economic mathematics
Week 3: Perspectives on Economics (1)
Week 4: Perspectives on Economics (2)
Week 5: Derivation of demand and supply curves (1)
Week 6: Derivation of demand and supply curves (2)
Week 7: Market equilibrium and welfare analysis (1)
Week 8: Market equilibrium and welfare analysis (1)
Week 9: Market failure -externality- (1)
Week 10: Market failure -externality- (2)
Week 11: Market failure -public goods-
Week 12: Market failure -monopoly- (1)
Week 13: Market failure -monopoly- (2)
Week 14: Game theory (1)
Week 15: Game theory (2)

　This lecture will be conducted basically in a lecture style, but will include occasional discussions. The handouts (PDF or Power Point) will be posted on ToyoNet-Ace before the lecture, so please download them in advance.

　Before the lecture, you should read through the handouts and read the relevant chapters in the reference book (about 60 minutes). After each lecture, students should review the lecture materials and complete the homework assignments if assigned (about 30 minutes).

　Grade is based on the score of the final exam according to Toyo University's grade evaluation standards.

　PPP students only. Knowledge of mathematics studied at the first or second grade in high school is desirable.

　None

　Hatta, T. (2013) Microeconomics expressway (Japanese title: ミクロ経済学 Expressway), Toyo Keizai Inc., 2,800 JPY (tax excluded).
　Kandori, M. (2014) Microeconomics (Japanese title: ミクロ経済学の力), Nippon Hyoron Sha Co., Ltd., 3,200 JPY (tax excluded).
　Oyama, D. and Yasuda, Y. (2013) Mathematics in Economics: A proper approach from high school mathematics (Japanese title: 経済学で出る数学　高校数学からきちんと攻める), Nippon Hyoron Sha Co., Ltd., 2,100 JPY (tax excluded).

　Questions will be accepted in the lecture and by email.